Elon Musk To Analysts: Stop With The 'Boring, Bonehead Questions' On Tesla

To a question about the Tesla Model 3, which has had a slower-than-expected rollout, Musk replied: "These questions are so dry".

A Tesla spokesman wouldn't comment on Musk.

Yet the Tesla CEO also mounted a defense of the call that may raise even more questions about his handling of the situation, which continues to overshadow the company's actual results.

"One of the common misimpressions is that when there is, say, a serious accident on Autopilot, people-or some of the articles-for some reason think that it's because the driver thought the auto was fully autonomous and it wasn't, and we somehow misled them into thinking it was fully autonomous".

Knicks' Tim Hardaway Jr. has hilarious tweet after hiring of David Fizdale
Prior to coaching the Grizzlies, Fizdale had lengthy stints as an assistant coach for the Miami Heat and Atlanta Hawks . He ends up becoming the 11th Knicks coach since Jeff Van Gundy resigned in the 2001-02 season.


Musk told investors during the earnings call that Model Y production wouldn't start until "early 2020" at the earliest. A "vast majority" of the company's manufacturing process is already automated, but Musk seems to be planning to take it to a whole new level. So almost five months ago, weeks before Tesla pushed back its Model 3 target to 2,500 units in Q1 2018 (which it failed to meet), the street didn't even think a profit in Q3 was possible. Free cash flow, which is cash generated minus capital spending, was a negative $1 billion. A net profit is likely by the third quarter, he said. "The amount of cash required may become so large that they can't find their way out of it through share offerings anymore". Musk fired, "Excuse me". Investors see the targets as shooting for the stars, and they applaud if Tesla makes it only halfway there, he said. Tesla stock has fallen 26% since its peak in September.

"Oh and uh short burn of the century comin soon". Bob Lutz, a retired General Motors vice chairman and chief spokesman for Detroit's Tesla disdain, said the odd conference call and first-quarter numbers show the reckoning is near. He wants to deflect, and mesmerize the crowd with science-fiction tales: Mars, Hyperloop, Semis, Tunnels. why change?

Musk's insults, and his refusal even to respond to legitimate questions, made for one of the weirdest corporate earnings conference calls in recent memory. The SUV crossover will likely be produced at a new factory that would be announced towards the end of this year. Tesla built just 2,400 of the sedans in the first six months of production, although the company says it is now building approximately that amount per week and targets a 5,000-per week figure in the next two months.

The spat comes at a crunch time for Tesla, when it is struggling to ramp up production of its Model 3 sedan, on which its profitability depends.

(Copyright © 2015. All Rights Reserved.)
 
Recommended

Yaya Toure will leave Manchester City in the summer - Pep Guardiola
Also now on 93 points, they are within three points of breaking Chelsea's points tally of 95 set in the 2004/2005 season. One year later, Touré would move to City in a £24million deal - and the rest, as they say, is history.

Southwest jet makes emergency stop in Cleveland with window crack
The airline said there were no injuries and stressed that it was an "unscheduled" stop and not and "emergency" landing. After being shuttled on another plane , passengers lauded the plane's crew for handling the situation smoothly.

Watch Tiger Woods pour in back-to-back birdie putts
So, I'm just going to try and win this tournament. "He looked great", Love said about Woods' game, as quoted on Golfweek . Quail Hollow Country Club has changed since Tiger Woods last played its course.

First death reported from E. coli in California
However, E. coli infections often do not reach the CDC for two to three weeks, suggesting the case count may be higher. But even if no one is eating tainted lettuce now, case counts may still rise because there's a lag in reporting.

Donald Trump dictated his own 'excellent' bill of health, says doc
The letter, penned in 2015, has drawn sharp criticism for painting the president's health in allegedly unmerited glowing terms. The White House has not yet responded to CNBC's request for a response to Bornstein's claims.

Central America asylum seekers allowed into US from Mexico
They also know that the process of vetting those seeking asylum could take as little as three months or as long as five years. More than 50 members of the so-called migrant caravan are now being evaluated for asylum by U.S.

Alibaba revenue rockets 61% on solid commerce
Whereas, in last 21 trading days (one month) was surged 5.68% and surged in last 63 trading days (quarter) of 1.99%. Now the hedge fund run by David Kowitz is holding 661,788 shares, compared to the 50,000 from the previous quarter.

HTC to likely unveil U12+ on May 23
It might strike most as unusual , but as per leaks, HTC might be calling their upcoming flagship, the U12 Plus and not the U12. It will sport HTC USonic with Active Noise Cancellation, and HTC BoomSound Hi-Fi edition for an enhanced audio experience.

There's some bad news for fans of Netflix's Unbreakable Kimmy Schmidt
Nevertheless, Kimmy's upcoming season 4 will mark the end of its run, although there is a bit of a twist in store for fans. The hit Netflix series will be releasing the first half of season four on May 30 , and it will feature six episodes.

Jason Witten retiring from National Football League , heading to ESPN
Witten was a leader in the locker room whose long term presence provided stability and direction for a team getting younger. If it takes two more weeks, it takes two more weeks; if it takes a month, it takes a month.

Film industry disappointed as President presents National Awards only to 11 honourees
Mr Kovind said, the Indian film industry is among the largest in the world, with about 1,500 films a year. However about 60 winners have threatened to boycott the awards ceremony including director Chezhian.

Xerox CEO Jeff Jacobson quits after fight with Carl Icahn
Fujifilm also said in its statement that it would appeal an April 27 USA court ruling temporarily blocking the Xerox deal. Ultimately, Fujifilm would take control of Xerox, whose brand became synonymous with photocopying.

US Claims Chinese Lasers Injured Two Pilots, Threatens 'Consequences'
Media reports have suggested China has stationed weapons systems on disputed islands in the region. China, Vietnam, the Philippines, Taiwan, Malaysia and Brunei all have competing claims.

McIlroy aims to move on from Masters misery
World number seven McIlroy, who is aiming for his third win in the tournament, said: "I love this place". As hangovers go, this was a relatively mild one for Rory McIlroy . "I didn't play well in the pro-am.

Wind advisory in area throughout afternoon
Winds from the southwest of 15 to 25 miles per hour are expected, becoming west from 25 to 30 miles per hour this afternoon. Travel could be hard , wind could bring down tree limbs and isolated power outages are possible.


More News

News
More News